Verizon Communications shares are trading lower after Keybanc downgraded the stock from Overweight to Sector Weight.
Portfolio Pulse from Benzinga Newsdesk
Verizon Communications shares declined following a downgrade by Keybanc from Overweight to Sector Weight.
October 24, 2024 | 4:19 pm
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Verizon Communications shares are trading lower after Keybanc downgraded the stock from Overweight to Sector Weight.
The downgrade by Keybanc is likely to negatively impact Verizon's stock price in the short term as it reflects a less favorable view of the company's performance relative to its sector. Downgrades often lead to selling pressure as investors adjust their portfolios.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100